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Income property can have very stable, respectful and reliable tenants. Wichita, KS
Yes, that’s correct! It all depends on product, location and good tenant screening. If you don’t have all three, your vacancy rate will be too high. Let’s discuss product first. We recommend to our students that they furnish their properties with clean serviceable items, new linens and art work on the walls. What you are creating is an environment that is very agreeable to the tenant, one that not only the tenant will look forward to coming home to, but also one, through pictures on flyers, web sites and word of mouth, will draw new inquires. We are all for building and keeping a pipeline.Many furnished rooms for rent are not clean and contain aged, thread bear chairs, sofas, and soiled mattresses. Would you want to stay any longer than you had to in a place that does not support a healthy sense of self-esteem? Nicely furnished rooms generate good paying tenants, who stay for extended periods.

Our preferred tenant populations normally do not have their own transportation so proximity to public transportation is necessity.
Key to this equation within our program is good tenant screening, which oddly enough does not include credit or traditional background checks. Our tenants are referred to us, so we learn about them and their history though direct questioning of people who are familiar with each potential tenant individually. We learn of personal background information and work experience. This type of screening done methodically will produce good paying renters who stay for long periods creating a stable house.
To learn more about establishing transitional housing, please download our free Ebook from the side bar on our main blog site.
Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.
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Don’t let your rental property become a charity shelter. Wichita, KS
I just read a blog by Donna in NM, who has had the most awful experience with a Section 8 tenant. She wrote that she did not have Section 8 housing experience and her tenant had 10 years of experience scamming the system. No rent was collected and now she has a squatter and is unsure how to correct the problem. More than a few good remedies were written in reply to her questions and I don’t want to repeat her alternatives here. I can not picture that this is an remote case. Probably not your specific circumstances, but even so, many real estate investors, who are holding rental property are making costly mistakes.Depressed real estate prices and the abundance of very good opportunities on distressed properties are attracting many new investors into real estate. The smart ones seek coaching or mentoring from others more experienced. The majority probably feel they can figure most things out for themselves, and then there are parts that they are inexperienced in and can have a harmful effect on their net monthly income. Getting good counseling can save money and headaches. 
With our program and transitional housing, our students and I have never had these problems. If the rent is late by more than three days, I just make a phone call or two, rekey the locks and wait for the lodger’s family member or friend to arrange a time to pick up any personal possessions. I don’t return their damage deposit. Within a few hours or a few days, I have the room occupied by another tenant from my waiting list.
It’s just that easy. It doesn’t involve an expensive eviction process and a minimum to no loss of rent. Squatters are completely unheard of, there are no legal fees, no court fees, and no fee made to local law enforcement.
Find out how I can get away with this by downloading our FREE Ebook from the side bar at our main blog site.
Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.
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